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Fundamentals of ALARP & Cost Benefits Analysis: Training

This document provides information about a training course on ALARP (As Low As Reasonably Practicable) and Cost Benefit Analysis. The course aims to provide fundamental knowledge and concepts of ALARP and CBA. At the end of the course, participants will understand the purpose and implications of ALARP for engineering design, how to identify risk reduction measures to reduce risks to ALARP levels, and concepts of cost-benefit analysis in decision making. The course outline covers topics like risk management, ALARP principles and demonstration, hazard management, and ALARP documentation. The course is designed for professionals involved in design, operations, process safety, and HSE in industries like oil and gas, chemicals, and utilities.

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Muhammad.Saim
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85 views3 pages

Fundamentals of ALARP & Cost Benefits Analysis: Training

This document provides information about a training course on ALARP (As Low As Reasonably Practicable) and Cost Benefit Analysis. The course aims to provide fundamental knowledge and concepts of ALARP and CBA. At the end of the course, participants will understand the purpose and implications of ALARP for engineering design, how to identify risk reduction measures to reduce risks to ALARP levels, and concepts of cost-benefit analysis in decision making. The course outline covers topics like risk management, ALARP principles and demonstration, hazard management, and ALARP documentation. The course is designed for professionals involved in design, operations, process safety, and HSE in industries like oil and gas, chemicals, and utilities.

Uploaded by

Muhammad.Saim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Fundamentals of ALARP & Cost Benefits Analysis

Training

ALARP (As Low As Reasonable Practicable) is one of the fundamental principles of risk management. We
neither need nor want to manage risk to the point where we eliminate it, because doing so is simply not a good use of
resources. i.e. the point where the costs exceed benefits. Engineers are often required to make decisions on
investments in risk reduction measures; however, at certain point not all investments are justified by the risk reduction
achieved. A cost Benefits Analysis can help make wise investment decisions. This course is aimed at providing
fundamental knowledge and concepts of ALARP & Cost Benefits Analysis (CBA).

At the end of this course, participants will understand:

1. The purpose and importance of ALARP and its implication on engineering design.

2. Ascertain that design engineering practices / requirements are demonstrated;

3. Identify further risk reduction measures that can be implemented in the design to reduce risks to ALARP.

4. Understand concepts of Cost-Benefits analysis in decision making

SHEPHERD RISK www.shepherdrisk.com


Safety, Risk & Loss Prevention Engineering
Course outline
• Background and Objectives • ALARP Requirements
• Lessons learned from Process safety • Statement of fitness
incidents • Cost Benefits Analysis
• Risk Management • ALARP Documentation
• ALARP Principles • ALARP Demonstration throughout
• HAZARD Management Project lifecycle

• ALARP Demonstration Methodology


• Risks – Unmitigated vs. Mitigated
• Risk Matrix
• Risk Tolerability Criterion
• Bow-tie overview
• Risk Presentation
• ALARP Decision framework

Who Should Attend This course is designed for Line Managers,


Process Safety engineers, Process Engineers
and HSE professionals who are involved in
design & operations activities in E&P,
Chemicals & Petrochemicals and Utilities
industry.

When TBA

Where TBA

Registration / Information info@shepherdrisk.com


009223002396633
CONTACT US

SHEPHERD RISK - 5A3 Fakhri Trade Centre, Shahrah-e-Liaqut, Karachi.

www.shepherdrisk.com
E: info@shepherdrisk.com
T: 0092-2132602282
M: 00923002396633

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